In our prior posts, we have discussed the assessment of benefit claims, the outcome of which is your pension payment issued on a four-weekly basis. Is the state pension paid monthly? It has been a while, since the 1980s, that pension payments from the Department of Social Security have been paid in advance and every…
In a divorce or separation you will have to divide your finances. The first step in dividing your finances is making sure you know exactly what you own and owe, both as an individual and as a couple. Collect Copies of Important Papers ( (Tab 1) below) Make a List of what You own and…
Separating or divorcing is an enormous transition that can be very stressful. It will bring significant changes to you. In the event that you, unfortunately, have to go through a separation or a divorce you should make sure that you have a separation or divorce agreement. The Agreement …a written agreement that formally sets out…
KNOW ABOUT Power of Attorney A power of attorney (POA) is a document that allows you to appoint a person or organisation to manage your affairs. All POAs are not created equal. It is a legal document (highlighted in our civil law Articles 1856 up to 1890), also known as “prokura” in the Maltese Language.…
Are you eligible for a pension? How much pension will you get? Do you have enough contributions to retire at age 61 instead of at the respective pensionable age? Are you entitled to any credits such as study credits, child rearing credits that would increase your contribution average? How will the percentage (%) increase affect…
Debit cards Debit cards offer the convenience of a credit but work in a different way. Debit cards draw money directly from your checking account when you make the purchase. They do this by placing a hold on the amount of the purchase. Then the merchant sends in the transaction to their bank and it…
First and foremost, there are two ways to use income–you can spend it or you can save it. One thing is certain, that if too much is spent and too little saved, your capacity to fight unforeseen expenses will be diminished. If you are unprepared for an unexpected urgent expense, you will obviously feel nervous,…
Perhaps the most dangerous enemy of saving money is impulse buying. Have you ever bought things on the impulse of a moment and then feel guilt or regret for having done that purchase? A sudden desire for new dress for an occasion, cosmetics which you do not need, new stationery items for every scholastic year;…
